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Sunday February 5th, 2023

Sri Lanka cabinet nod for cost-reflective electricity tariff

new tariff hike is expected to increase the current rate by more than 50 percent

January 10, 2023 1 min read

Sri Lanka power regulator says 10-hour power cuts avoided

"We have secured around 25 coal shipments for this year."

January 7, 2023 1 min read

Sri Lanka power regulator vows not to allow cabinet driven power hike

Regulator has been in a tug-of-war with CEB, minister in the last 6 months.

January 5, 2023 3 min read

Sri Lanka's state-run LP gas firm reduces prices on easing global price

Sri Lanka saw long queues for cooking gas last year

January 5, 2023 1 min read
Sri Lanka eyes Saudi investments for energy, real estate, Port City - Foreign Minister 

Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa

Sri Lanka's CEB refuses to limit power cuts during exams despite regulator request

The PUCSL has been critical on excess electricity tariff hike planned by CEB

Sri Lanka regulator disputes CEB costs, demand projections for 2023

CPC sells overpriced fuel, high demand projections require more expensive liquid fuel

December 2, 2022 3 min read

Sri Lanka Education Minister to intervene in power cuts, proposed tariff hike during exam month

"I will discuss this at the cabinet meeting and also take it up with the Ministry of Power & Energy."

December 1, 2022 2 min read

Sri Lanka electricity losses from overpriced fuel, no tariff hike considered: regulator

They are paying about 385 plus rupees per litre for furnace oil

December 1, 2022 2 min read

Sri Lanka power cuts extended on low water levels

Water levels down, fuel costs up

December 1, 2022 1 min read

Sri Lanka cabinet clears CEB re-structure proposal: Minister

Electricity Reforms Bill will be drafted within a month

November 29, 2022 1 min read

Sri Lanka power tariff revisions in Jan and July sought: Minister

If after raising prices in January, costs fall in July due to renewables, then we can lower the price

November 27, 2022 3 min read

Sri Lanka's PUCSL failed in power regulation for 9 years: Minister

It is after nine years that the prices were revised

November 25, 2022 2 min read

Sri Lanka looking to purchase Russian oil at discounted pricing: foreign minister

“As our president put it, when the elephants fight, it’s the grass that gets trampled."

November 24, 2022 3 min read

Sri Lanka central bank may use controls despite negative real rates

Admin measures usually could include rate ceilings

November 24, 2022 8 min read

Sri Lanka's CEB loses Rs108bn up to August 22

Owes CPC and IPPs Rs148bn and banks Rs168bn

November 21, 2022 2 min read
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Sri Lanka's Laugfs Lubricants enters Bangladesh market

Amid currency collapse

November 17, 2022 1 min read

Sri Lanka's Laugfs sells Bangladesh unit

Sale proceeds to settle debt

November 16, 2022 1 min read

Sri Lanka refinery in Trincomallee discussed with India


November 13, 2022 1 min read

Sri Lanka's state-run CPC raises price of diesel, kerosene to reduce losses 

Both diesel and kerosene had been sold at a loss before the price hike

November 12, 2022 1 min read

Sri Lanka maintains 2 hour power cut from November 9-11

Sri Lanka has faced short supply of coal

November 9, 2022 1 min read

Sri Lanka's Litro Gas hikes prices

A 12.5kg cylinder price will be raised by Rs80 to Rs4,360

November 6, 2022 1 min read

Sri Lanka reduces power cut duration for 1 hour in long weekend 

But the 2 hour power cut will return from Tuesday.

Roshani Fernando
November 4, 2022 1 min read

No fuel price revisions in November, says Sri Lanka energy minister

"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.

Chanka Jayasinghe
November 3, 2022 1 min read

Sri Lanka's Trinco Petroleum Terminal to invest up to US$70mn in tank farm

Some tanks could also be used for ship bunkers

November 2, 2022 2 min read

Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits

Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits

October 28, 2022 2 min read